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@leafmetaX
#CoinbaseQ3ProfitReturns
A closer look at Coinbase's $719M Q3 profit reveals an important distinction.
Reported net income: $719M. Adjusted net income: approximately $78M.
Crypto investment gains played a major role in the difference.
Strong headlines matter, but understanding the quality of earnings matters even more.
#Coinbase #COIN #Web3
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